What happens to my Lifetime ISA if I die?

If you die, your Lifetime ISA (LISA) will lose its tax-advantaged status and we’ll convert it to a Dealing account. The assets in your former LISA or in any Dealing account will form part of your estate – and we’ll distribute them according to the instructions of your executor once probate is granted. The 25% government withdrawal charge doesn't apply after death, meaning its full value can be inherited, but it will be subject to inheritance tax.

It's important to remember that tax rules can change in the future, and that tax treatment depends on your personal circumstance.